Friends of Fort Williams Park

Analysis

Friends of Fort Williams Park is a registered charity in United States, based in Cape Elizabeth, ME. It received its IRS tax-exemption ruling in August 2001, 25 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending February 2023, Friends of Fort Williams Park reported income of $244k and spending of $126k, leaving 48% of income unspent that year. Across the 5 years on record, from February 2019 to February 2023, income grew from $121k to $244k (+101%), an average of +19% a year. The sharpest change came in the year to February 2022, when income rose by 71%. Over the whole period it spent 72% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friends of Fort Williams Park sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 51st percentile within ME. Charities of a similar size with the same main cause include Womens Ice Hockey at Arizona State University ($244k), Little League Baseball Inc ($244k) and American Youth Football Inc ($244k).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $92k. At year end it held assets of $505k against liabilities of $0, net assets of $505k. It reported 5 employees.